BTC breaks below the psychological price level of 70,000, will you panic? #BTC00929

I just finished compiling the relevant data: On October 29, short-term holders (STH) sold 232,000 bitcoins, and long-term holders (LTH) sold 15,000; on October 30, short-term holders sold 251,000 bitcoins, and long-term holders sold 18,000; on October 31, short-term holders sold 207,000 bitcoins, and long-term holders sold 11,000.

From this data, we can see:

First, from October 28 to October 30, the main selling pressure came from chips of "short-term profit", while the main selling pressure on the 31st came from short-term "stuck chips".

Second, the 29th and 30th were an accelerated distribution process, both for long-term and short-term holders. However, by the 31st, the selling pressure began to weaken.

Third, in the coming days, we can continuously observe changes in data to see whether it continues to decelerate or accelerate distribution, which can serve as one of the bases for judging short-term trends.

Fourth, the current average cost for short-term holders is around 64,000. As long as this position is not broken, we can consider that the trend has not changed. #美国大选后行情预测 #你问我答